ISLAMABAD: The federal government has projected petroleum levy collections of Rs1.468 trillion for the ongoing fiscal year 2025-26, with annual revenues expected to rise sharply to Rs2.212 trillion by FY2029-30, according to estimates cited in an International Monetary Fund (IMF) report.
Official figures show that more than Rs650 billion has already been collected during the first five and a half months of the current fiscal year, indicating strong momentum in levy receipts.
The IMF projections point to a steady upward trend in petroleum levy revenues as part of Pakistan’s broader fiscal consolidation strategy. For FY2026-27, the levy collection target has been set at Rs1.638 trillion.
The estimates further project collections of Rs1.787 trillion in FY2027-28, increasing to Rs1.989 trillion in FY2028-29, before reaching Rs2.212 trillion by FY2029-30.
The rising petroleum levy is expected to remain a key source of non-tax revenue for the government, supporting budgetary needs amid ongoing efforts to stabilise the country’s public finances.
Story by Irshad Ansari
